File Details:

Questions:

1. Point out the chief characteristics of Managerial Economics.
2. Define the scope of Managerial Economics.
3. Critically examine the law of demand.
4. Explain the term 'Perfect Competition'.
5. Explain normal profit and super profit.
6. What is the importance of demand analysis for sales management of a firm?
7. Discuss the important factors determining demand.
8. Discuss the price output determination under monopsony.
9. Explain the types of Inflation.
10. Discuss the nature and scope of Managerial Economics. How does it differ from Traditional Economics?
11. By the method of least square, find the trend value for each of the five years. Also estimate the Annual Sales for 2005 based on the given data.
12. How is price determined under perfect competition?
13. Profit is payment for uncertainty bearing. Discuss.
14. Inflation is an excess of demand of anything over the supply of everything. Discuss this statement and analyze the factors that result in inflation.